Cards for Bad Credit

In normal circumstances, if you have a bad or non-existent credit score you will likely struggle to get a standard credit card. However, many credit card issuers understand that circumstances can change for some people meaning that they are now in a position to use credit sensibly and build a credit rating using a card for bad credit (also known as a credit building card). Most issuers now offer a credit card for those people battling with a previous bad credit history, but at a price. Read more...>

• Capital One Classic

• n/a

• n/a

• 34.9%
  APR
  

• No Rewards

• 60 second application response - credit limit up to £1,500
• Most popular credit building credit card
• Best for applicants who want to build or rebuild their credit rating

Representative Example: 34.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 34.94% p.a. (variable)

• Aqua

• n/a

• n/a

• 35.9%
  APR
  

• No Rewards

• Credit limit up to £1,600
• Manageable monthly payments
• Best for applicants who want to rebuild their credit rating - not currently open to those new to credit

Representative Example: 35.9% APR representative (variable). Based on a credit limit of £1,200 and a purchase rate of 35.95% p.a. (variable)

• Vanquis Visa

• n/a

• n/a

• 39.9%
  APR
  

• No Rewards

• Fixed credit limit to help you stay in control
• Free fraud monitoring
• Best for applicants who want to build or rebuild their credit rating

Representative Example: 39.9% APR representative (variable). Based on a credit limit of £1,000 and a purchase rate of 39.94% p.a. (variable)

Bad Credit Credit Cards

To compensate for the possible risk, the providers offer cards for bad credit at higher rates of interest therefore, they do not form a sensible method of long-term borrowing. As long as the balance is paid off every month, the user will begin to build up a better credit rating which, in the long run, may lead to the opportunity of obtaining a standard card with better rates.

Cards for bad credit offer access to funds, the chance to purchase items online or on the phone, and an opportunity to rebuild your credit rating (as long as the balance is met on time).

Cards for bad credit often have some additional features such as no annual fee, the opportunity to increase the credit limit after a few months and security safeguards such as warnings for unusual card activity.